612 26TH ST W #1 - 4 new Save Request In-Person Tour Request Virtual Tour
Bradenton,FL 34205
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $214
Subdivision Westfield
MLS Listing ID A4623766
Bedrooms 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1920
Annual Tax Amount $6,625
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Investor alert!! Tenant occupied and grazing an 8 CAP in this market! This would be a wonderful addition to any serious investor's portfolio. The sellers have taken wonderful care of the property, which reduces the immediate need for repairs or renovation to allow a smooth transition to the new owners. Nestled in the heart of Bradenton, this unique fourplex at 612 26th St W offers a promising combination of location, versatility, and income potential. This project has a strong rental history and high demand, making it a fantastic opportunity for both seasoned investors and first-time buyers looking to generate rental income. This charming 1920's property boasts unique units with modern amenities, perfect for small families or professionals seeking a serene living space. Sellers have added a community laundry room for tenants. The units can be updated, and garages restored in the back for added value and increased potential for rents. Sellers completed a full exterior repaint of the complex in October of 2024. The unit composition is two 1 bedroom 1 bath units located upstairs and one 2 bedroom 1 bath and one 1 bedroom 1 bath downstairs. Sufficient onsite /off-street parking available for tenants. Gross rent is appx $68K annually. Seller intends to use in a 1031 exchange. This property was unaffected in the last 3 hurricanes. Stellar location where residents will enjoy the proximity to Downtown Bradenton, just a 6-minute drive away, where local culture and dining options abound. Proximity to the Riverwalk Bradenton is also a plus as it features beautiful views, parks, playgrounds, and picnic areas. This property is also close to the Manatee Village Historical Park train depot. Anna Maria Island, with its pristine beaches, is a mere 20-minute drive, offering an idyllic escape on weekends. The area is well-served by schools such as Ballard Elementary and Manatee High School, making it an ideal location for educational growth. The neighborhood is walkable for strolls along the water to nearby parks and shops. Bradenton is an area on the rise with plenty of future growth potential with ongoing development in an ever-growing community. The current management company is willing to continue the management of the fourplex after the sale.
Location
State FL
County Manatee
Community Westfield
Zoning X
Direction W
Rooms
Other Rooms Family Room
Interior
Interior Features Ceiling Fans(s),Kitchen/Family Room Combo,Primary Bedroom Main Floor,PrimaryBedroom Upstairs
Heating Wall Units / Window Unit
Cooling Other,Wall/Window Unit(s)
Furnishings Unfurnished
Fireplace false
Appliance Dryer,Microwave,Range,Refrigerator,Washer
Laundry Common Area,Inside,Laundry Room
Exterior
Exterior Feature Private Mailbox
Garage Common,Driveway
Garage Spaces 3.0
Utilities Available Cable Available,Electricity Available,Electricity Connected,Public,Sewer Available,Sewer Connected,Water Available,Water Connected
Waterfront false
Roof Type Shingle
Porch Covered,Front Porch,Patio,Porch,Rear Porch
Parking Type Common,Driveway
Attached Garage true
Garage true
Private Pool No
Building
Lot Description Paved
Entry Level Two
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Schools
Elementary Schools Ballard Elementary
Middle Schools W.D. Sugg Middle
High Schools Manatee High
Others
Pets Allowed Cats OK,Dogs OK
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable,Cash,Conventional
Listing Terms Assumable,Cash,Conventional
Special Listing Condition None